Chain Exploration”From On-chain Central Bank to Traffic Distribution: Meta’s Unquenchable Ambition for Stablecoins”
Diem’s ‘central bank dream’ died, but Meta’s stablecoin ambition lives on in a new form. Regulators made it clear: ‘Stablecoins can be issued, but not by you.’ But if a platform controls capital flow, accounts, and data—Is it a tool provider, or a new generation of clearinghouse?